![]() ![]() GoCardless is a global payments solution that helps you automate payment collection, cutting down on the amount of financial admin your team needs to deal with. Give your business full visibility across multiple entities and branches, all managed from a central dashboard. This lets you take recurring and one-off payments from customers, recording all transactions directly into your accounting system for accuracy. Provide secure payments to your customers using direct debit and Instant Bank Pay solutions. GoCardless partners with all accounting software mentioned in this article, along with over 350 other systems you probably already work with. You should also look at third-party integrations. The accounting software above is up to the task, but be sure to compare fees, features, and user support carefully. How to choose the best accounting software for multiple businessesĪs you can see, managing the accounts for multiple businesses can be complex. One downside is that QuickBooks doesn’t consolidate financial statements like some others on this list. Track and categorise expenses, while managing projects from a central dashboard. ![]() Users gain access to an independent network of QuickBooks Pro Advisors for outside support. It’s one of the best accounting software for multiple businesses because you can account for unlimited companies with a single licence. QuickBooks has developed a series of products suitable for online and desktop formats. However, if you use cryptocurrency one thing to note is that this isn’t automatically tracked like other transactions. Sage 50cloud offers over 150 customisable reports across multiple industries, which you can generate at a click. Advanced features include project tracking across multiple projects, including job costing for more accurate billing. At its higher tiers of pricing, it allows you to open and consolidate unlimited companies. Sage offers a full range of products to suit varying business sizes and budgets. It’s also fully integrable with the suite of Zoho products, including Zoho Inventory, Zoho CRM, and others. Zoho lets you reconcile multiple credit cards and bank accounts. It’s shareable with outside professionals so that you can get advice from your accountant or bookkeeper. Features include unlimited invoice tracking, expense management, and accounting reports. It’s a scalable, cloud-based software suitable for small businesses and large enterprises alike. Our first choice for the best accounting software for multiple businesses is Zoho Books. Invoice generation: Look for software that automatically generates and tracks invoices after they’re sent to customers. The best software gives you a clear overview of all of your businesses. You should be able to automatically sync accounts with your software.įile sharing: If you’re dealing with a variety of stakeholders, you’ll need to be able to share files as needed with customers, suppliers, vendors, and managers of different branches.įinancial reporting: Multi-entity companies will need to generate consolidated financial statements, which is something that not every accounting software can handle. ![]() No matter the reason, there are unique accounting needs that arise when you have multiple businesses.īank account reconciliation: While this feature is always useful in accounting software, it’s particularly important for multiple business accounts. In addition to multi-entity companies, some individuals simply own more than one small business and need to keep separate books for each one. This might be due to mergers, acquisitions, or establishing international branches of the same company with a different business structure. When do you need accounting software that can support multiple businesses? Multi-entity companies are those that have majority shares in other companies with accompanying voting rights. Features of the best accounting software for multiple businesses Here are our choices of the best accounting software for multiple businesses. You’ll need to comply with all legal and tax obligations while accurately tracking income and expenses for each entity. If you’re juggling multiple businesses at once, you’ll need accounting software that’s up to the challenge. ![]()
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